British bosses are more likely to protect their office equipment than their key staff, according to new research.
The result highlights a series of findings revealing that businesses are leaving themselves vulnerable to the death or incapacity of a key person. Scottish Widows' Business Protection report found that...
'Rely on plan B'
Tom Baigrie, the chief executive of protection broker LifeSearch, has hit out at product providers for pretending to "police" advisers' relationships with their customers, a practice he dubbed "institutional petty theft".
Scottish Widows is considering re-entering the IFA protection market, possibly in 2014.
Almost two-thirds (63%) of small, family-run businesses would not survive the loss of a key member of staff, according to Scottish Widows.
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